The import of mats of glass fibres to Belgium is forecasted to experience a steady decline over the next five years. In 2023, the actual import volume stood at 5.60 million kilograms. The forecast shows a year-on-year decrease of approximately 1.3% for 2024, followed by further gradual declines with annual variations of around 1.3% to 1.4%, culminating in a volume of 5.2425 million kilograms by 2028. The compound annual growth rate (CAGR) over this forecast period is projected to be around -1.3% per year, indicating a consistent decrease in imports.
Future trends to watch for:
- Changes in local production capabilities of glass fibre mats.
- Fluctuations in demand from industries using glass fibre mats.
- Impacts of trade policies and tariffs on import volumes.
- Technological advancements in alternative materials that may affect demand.
- Economic factors influencing overall market demand and supply chain dynamics.
